Babcock & Wilcox Long-Term Incentive Grant Notice and Agreement (2015)
This agreement is between The Babcock & Wilcox Company and the participant, granting the participant long-term incentives, including restricted stock units and non-qualified stock options, under the company's 2010 Long-Term Incentive Plan. The participant must accept the grant and agree to its terms by signing and returning the notice within 30 days. The agreement outlines that the incentives are subject to the terms of the plan and related agreements, which are incorporated by reference.
Exhibit 10.12
Notice of Grant
Babcock & Wilcox Long-Term Incentives
March 2, 2015
TO: Participant
The Company is pleased to advise that you have been granted long-term incentives as follows:
Date of Grant: | March 2, 2015 | |
Cliff-Vesting Restricted Stock Units Granted: | xxx | |
Ratable-Vesting Restricted Stock Units Granted: | xxx | |
Non-Qualified Stock Options Granted: | xxx @ $xx.xx |
By your signature below, you agree that these incentives are granted under and governed by the terms and conditions of the 2010 Long-Term Incentive Plan of The Babcock & Wilcox Company (as amended and restated to date, the Plan), and the 2015 B&W Restricted Stock Units (cliff vesting), Restricted Stock Units (ratable vesting) and Stock Options Agreements, which are attached to and made a part of this document. A copy of the Plan and the Prospectus relating to the stock issued under the Plan can be found at http://equityawardcenter.schwab.com under the At a Glance/My Company Info tab in your Schwab account. The Plan and Prospectus are incorporated by reference and made a part of this document. If you would like to receive a copy of either the Plan or Prospectus, please contact at [telephone number] or [email].
Please acknowledge (1) your receipt and acceptance of this Notice of Grant and accompanying long-term incentives and (2) your agreement with the terms contained in the Grant Agreement governing such long-term incentives, by signing both this Notice and the enclosed copy hereof and returning one such signed copy to The Babcock & Wilcox Company at The Harris Building, 13024 Ballantyne Corporate Place, Charlotte, NC 28277, Attention: , and marked Personal and Confidential. Your long-term incentives will not be effective until you return a signed copy of this Notice. Please do so no later than 30 days from the date of the Notice.
| Date: | |||||||
Participant |